Is Carlton Expensive?

Melbourne, Australia

+5% vs Melbourne avg

Living in Carlton, Melbourne

Carlton is a relatively affordable area in Melbourne, with a cost of living index of 71.6 — that is +5% compared to the Melbourne average. At #13 of 24, it is below the city average in cost. Estimated rent for a one-bedroom apartment here is around A$2,686/month, compared to a range of A$1,842 in Sunshine to A$3,325 in Toorak.

Monthly Budget Breakdown

For a typical resident of Carlton, housing takes up roughly 47% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately A$107,423 before tax.

Typical Salaries in Carlton

Salaries in Carlton reflect the local cost of living. Based on the neighborhood COLI of 71.6:

After tax and deductions of 17.9% in Australia, take-home pay for someone earning A$107,423 would be roughly A$88,194/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

71.6
COLI Index
1.05x
vs City Avg
A$2,686
Est. 1BR Rent
#13
of 24 Areas
17.9%
Total Deductions

Tax & Deductions in Carlton

Estimated annual deductions on a A$76,304 salary in Carlton, Melbourne (local employee).

Income Tax
18%
Total Deductions: 17.9%
Est. Take-Home: A$62,625/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Carlton would need to be elsewhere:

City Currency Equivalent
New York USD $53,700
London GBP £46,213
Dubai AED AED 268,703

Other Neighborhoods in Melbourne

Neighborhood COLI Multiplier vs Avg
Toorak 88.7 1.30x +30%
South Yarra 83.2 1.22x +22%
Brighton 83.2 1.22x +22%
CBD 81.8 1.20x +20%
Albert Park 78.4 1.15x +15%

View all 24 neighborhoods in Melbourne →

Convert Your Salary

See exactly what you need to earn in Carlton, Melbourne to maintain your lifestyle.

Open Salary Converter

Compare Carlton

Carlton vs Toorak Carlton vs Sunshine

Melbourne City Comparisons

Sydney vs Melbourne

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Carlton:

Distillery District, Toronto Remuera, Auckland Stockbridge, Edinburgh Dean Village, Edinburgh Gasperich, Luxembourg City Dublin 7 (Phibsborough), Dublin

Frequently Asked Questions

Is Carlton expensive in Melbourne?

Carlton is near the city average for Melbourne. Costs are about +5% vs the average, making it a mid-range neighborhood.

How does Carlton compare to the Melbourne average?

The cost of living in Carlton is above the Melbourne average. With a multiplier of 1.05x, everyday expenses including rent, food, and transportation are +5% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include Australian Bureau of Statistics · Australian Taxation Office · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.